Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Short Interest Down 29.1% in October

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 32,430,000 shares, a decline of 29.1% from the October 15th total of 45,750,000 shares. Based on an average daily volume of 60,600,000 shares, the days-to-cover ratio is presently 0.5 days.

Direxion Daily TSLA Bull 2X Shares Trading Down 11.6 %

NASDAQ:TSLL traded down $2.31 during mid-day trading on Thursday, hitting $17.61. The stock had a trading volume of 87,338,621 shares, compared to its average volume of 40,236,813. Direxion Daily TSLA Bull 2X Shares has a twelve month low of $4.94 and a twelve month high of $23.50. The company has a market capitalization of $3.38 billion, a PE ratio of 40.38 and a beta of -5.14. The stock has a 50-day simple moving average of $12.32 and a two-hundred day simple moving average of $10.55.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.0803 per share. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, September 24th.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares

Several large investors have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth about $54,000. Beacon Capital Management LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at approximately $120,000. AE Wealth Management LLC increased its stake in Direxion Daily TSLA Bull 2X Shares by 16.0% in the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock valued at $133,000 after purchasing an additional 2,000 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the second quarter worth approximately $213,000. Finally, Garden State Investment Advisory Services LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth approximately $366,000.

Direxion Daily TSLA Bull 2X Shares Company Profile